One Horizon Group Issues Business Update for the First Quarter Ended March 31, 2019
ONE HORIZON GROUP (OHGI)
US:NASDAQ Investor Relations:
onehorizoninc.com/investors-overview
Company Research
Source: GlobeNewswire
MIAMI, May 21, 2019 (GLOBE NEWSWIRE) -- One Horizon Group, Inc. (OTCQB: OHGI) (Company or One Horizon) today provided a business update and reported financial results for the first quarter ended March 31, 2019. First Quarter 2019 Highlights: Sold the Company’s majority interest in Banana Whale Studios, PTE, Ltd. (Banana Whale) for $2.0 million (USD) realizing an approximate $930,000 gainEntered into an agreement to acquire a majority interest in MAHAM LLC (MAHAM), an innovative, technology-driven yoga studio with plans to launch a streaming platform for its yoga classesEntered into a preliminary, non-binding letter of intent to acquire a majority interest in Redspots Creative (Hong Kong) Company Limited (Redspots Creative), a multi-media production company, in a stock transaction based on post-closing, future earnings Mark White, Chief Executive Officer of One Horizon, stated, “We made significant progress during the first quarter. We began the year with the sale of our majority
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